Merger with Deltic (Tables)

12 Months Ended

Dec. 31, 2019

Summary of Unaudited Pro Forma Information

The following summarizes unaudited pro forma information that presents combined amounts as if this merger occurred at the beginning of 2017:

	Year Ended December 31,
(in thousands, except per share amounts)	2018		2017
Net sales	$	1,013,242	$	920,860
Net earnings attributable to PotlatchDeltic common shareholders	$	145,685	$	77,732
Basic earnings per share attributable to PotlatchDeltic common shareholders	$	2.16	$	1.15
Diluted earnings per share attributable to PotlatchDeltic common shareholders	$	2.15	$	1.15

Summary of Estimated Fair Value Measurements of Assets Acquired and Liabilities Assumed

The following table summarizes the estimated fair value measurements of assets acquired and liabilities assumed as of the merger date, including measurement period adjustments identified:

(in thousands)	Preliminary Allocation		Measurement Period Adjustments			Final Allocation
ASSETS
Cash and cash equivalents	$	3,419	$	—		$	3,419
Customer receivables		12,709		—			12,709
Inventories		17,316		—			17,316
Other current assets		8,276		(2,991	)		5,285
Real estate held for development and sale		79,000		4,000			83,000
Property, plant and equipment		265,901		(5,132	)		260,769
Timber and timberlands		1,060,000		(4,255	)		1,055,745
Mineral rights		—		6,236			6,236
Trade name and customer relationships intangibles		19,000		500			19,500
Other long-term assets		2,010		1,546			3,556
Total assets acquired		1,467,631		(96	)		1,467,535
LIABILITIES
Accounts payable and accrued liabilities		12,604		11			12,615
Long-term debt		229,968		144			230,112
Pension and other postretirement employee benefits		36,909		—			36,909
Deferred tax liabilities, net		44,439		(251	)		44,188
Other long-term liabilities		936		—			936
Total liabilities assumed		324,856		(96	)		324,760
Net assets acquired	$	1,142,775	$	—		$	1,142,775